The collapse of the crypto exchange FTX has triggered fears of a potential contagion spreading in the market, with withdrawals at another exchange, Crypto.com, jumping after it admitted to making a transaction mistake. FTX, one of the largest crypto exchanges, filed for bankruptcy last week following a report by CoinDesk which revealed that the balance…
FTX Collapse Sparks Contagion Fears as Crypto.com Withdrawals Jump
November 14, 2022
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Binance Bans, Then Restarts FTT Deposits, as Congressman Calls for Crypto Regulation
November 14, 2022
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Cryptocurrency exchange Binance is once more allowing deposits to be made in FTT tokens that are issued by rival exchange FTX, hours after prohibiting the activity. In a tweet on Nov. 13, Binance said that it had noticed “suspicious movement” of a large amount of FTT by the token’s contract deployers due to which it paused FTT…
Digital Culling: The End of Silicon Valley’s Golden Era?
November 14, 2022
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Commentary When billionaire Twitter owner Elon Musk cleaned out 3,700 superfluous Millennials from his company, the internet went crazy. “How dare!” shrieked the celebrities (who fancy themselves to be human rights lawyers). “Sue them!” demanded the Democrats, trampling over each other to profit from the social credit points on offer. The moral outrage was something…
Hacking Back: Australia Launches Hunt for Cyber Syndicates
The Australian government will strike back against cyber hackers with a 100-person strong task force set to debilitate hackers and ransomware syndicates around the world before crimes have been committed. The task force will be a joint effort between the Australian Federal Police (AFP) and the Australian Signals Directorate (ASD), according to an announcement on Nov. 12….
Medibank Could Face Legal Action Over Hack
Health insurer Medibank could be facing legal action after the personal details of millions of its customers were stolen in a data breach. After the health information of some of its customers was posted on the dark web, law firm Maurice Blackburn confirmed it was reviewing whether customers affected by the hack could be entitled…
Musk Says Twitter to Soon Enable Organizations to Identify Their Associated Accounts
Twitter’s billionaire owner Elon Musk on Sunday said that Twitter will soon enable organizations to identify twitter accounts associated with them as the new Twitter owner continues to find ways to limit fake accounts on the platform. “Rolling out soon,” Musk said in a tweet on Sunday. “Twitter will enable organizations to identify which other…
Elizabeth Holmes Seeks to Avoid Prison for Theranos Fraud
Elizabeth Holmes urged a judge not to send her to prison, as the founder of Theranos Inc. prepares to be sentenced next week for defrauding investors in the blood testing start-up. In a Thursday night court filing, lawyers for Holmes asked that she receive 18 months in home confinement, followed by community service, at her…
Aussie Watchdog Calls for New Laws to Combat Online Scams and Anti-Competitive Behaviour
Australia’s consumer watchdog is calling for new digital platform laws to be passed that would protect consumers against scams, fake reviews, redress consumer complaints and anti-competitive conduct. In its fifth interim report (pdf) on digital platforms that was released on Nov. 11, the Australian Competition and Consumer Commission (ACCC) said that the country’s current competition…
Elon Musk Says He ‘Killed’ New Official Label for Twitter Accounts
Elon Musk said in a tweet on Wednesday that he “killed” the new official label for Twitter accounts, on the same day that it began rolling out. “Please note that Twitter will do lots of dumb things in coming months,” he tweeted. “We will keep what works & change what doesn’t.” Musk backtracked on the…
Virgin Australia’s Customers Fall Victim to Medibank Cyber-attack
Thousands of Virgin Australia customers have become the latest victims in the fallout of the massive data breach at Australian private health insurance provider Medibank. On the evening of Nov. 9, Virgin Australia was informed by Medibank that several thousand of its Velocity Frequent Flyer membership numbers were leaked in the cyber-attack. The airline immediately…
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